After an expose last year on a popular Sunday night television newsmagazine, several lawmakers jumped on as cosponsors of a bull that could end insider trading by members of Congress. U.S. Representative Tim Johnson of Urbana was already on board, having been one of the 14 original cosponsors of the legislation that was first introduced in 2006.

Called the Stop Trading on Congressional Knowledge Act, or Stock Act, Johnson says currently, legislators are free to use knowledge they gain through the political process as they do business on Wall Street.


Johnson comments



It would further amend the Code of Official Conduct of the Rules of the House of Representatives to prohibit certain House personnel from disclosing any "insider information."